Oracle Launches New Capabilities To Help HR Leaders Protect Sensitive Data
Organizations store vast employee- and HR-related sensitive data on their HR systems. This data attracts threat actors. To help HR leaders detect and respond to compliance and fraud-related issues and protect their data, Oracle recently released Oracle Advanced HCM Controls.
Organizations have vast amounts of sensitive data related to their employees. To protect this data from cybercriminals, Oracle recently announced the release of Oracle Advanced HCM Controls, which is expected to help HR professionals and leaders gain enhanced visibility into potential compliance and fraud-related issues within their systems as well as block suspicious activities as they occur. Oracle Advanced HCM Controls is part of Oracle Fusion Cloud Human Capital Management (HCM), the company’s AI-powered monitoring solution that ensures only authorized people can access sensitive data.
https://x.com/OracleCloudHCM/status/1496854937476767749
The new capabilities are expected to help security teams and HR leaders monitor and respond to possible threats, such as suspicious activity, bot activity, phishing attacks, and data breaches that target HR data and processes through AI-driven alerts. The new capabilities monitor and identify activities based on location, time and frequency, and role and responsibility.
See more: How Technology Can Help HR Teams Navigate Compliance Challenges in 2022
In addition to helping HR leaders detect and respond quickly to possible security threats when they occur, the new capabilities are also expected to automate compliance reporting. As Oracle Advanced HCM Controls is part of Oracle’s existing AI solution, the new capabilities are also expected to use artificial intelligence (AI) to better understand abnormal behavior over time.
The Primary Motivator Behind the New Capabilities
Organizations continuously collect and upload sensitive employee- and HR-related data onto their HR systems. These data include everything from home addresses and compensation to disability status and national identification numbers. All these data are valuable for employees and organizations. At the same time, they attract cybercriminals and bad actors, sometimes possibly even within the organization. For example, in July 2021, UC San Diego Health disclosed that employee email accounts were hijacked by threat actors, exposing employee, student, and patient data. Similarly, in September last year, Debt-IN Consultants, a South African company, said that a cyberattack incident led to a significant employee and consumer personal information exposure.
These are just a couple of examples from the vast number of incidents last year. And companies have been losing billions of dollars due to unauthorized access and exposure of employee data over the previous few years. As such, Oracle Advanced HCM Controls are expected to enable HR leaders to detect, review, and block dubious activities while monitoring compliance.
See more: Privacy as a Benefit: Why You Need to Implement It Now
In Oracle’s blog post, Yvette Cameron, SVP of global product strategy, Oracle Cloud HCM, wrote, “HR teams are entrusted with extraordinary amounts of sensitive data, often needing to store and protect personally identifiable information for thousands of employees. As access and use of data has become more automated over time, so too has the need for teams to automate the way that they secure that data. To help our customers stay one step ahead of malicious actors and stop suspicious activity whenever, wherever and whoever it comes from, we are committed to providing our customers tools like Oracle Advanced HCM Controls that give them the visibility and automation they need to safeguard their data, their employees, and their organization.”
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